It could be a way to avoid announcing to my creditors that I've moved.
One creditor who I owe $5,000 has offered to settle for between $1,000-$2,000. Problem is, without a decent job, I can't do that right now. I'm hoping they'd be willing to accept a similar offer once I do get a better job.As mentioned, the creditors' willingness to settle on terms you can live with is a huge unknown.
That's what I'm hoping to do. It's not ideal, but neither is having to move for work and being forced to sell the house and lose 60% of my equity.Be aware, however, that it's awfully unlikely that any creditor will remove its lien unless you pay in full or agree to a reduced lump-sum payment.
I worry that renting the house could mess up my homestead exemption. I Googled, and I can't find anything about SC's laws on rental levies. Do you have any more information about this?As I mentioned previously, your ability to rent the house is unrelated to the settlement of debts (except that, if you rent the house and haven't resolved the debts, the judgment creditors could levy on the rental payments).

